Circura Group – Adelis Equity

About Circura Group

Circura Group is the Nordic market leader within building renewal services.

The Journey

Created national market leaders in all Nordic countries that joined forces to establish a true Nordic champion:

Created independent national consolidators in Sweden, Finland, Norway and Denmark, benefitting from close collaboration
Executed c. 50 add-on acquisitions across the Nordics
Established professional group functions supporting decentralized units
Increased focus on frame agreements and other smaller recurring renovation assignments to increase margins and minimize risk
Grew revenues to more than SEK 10bn with industry leading margins
In 2025, combined the four national platforms into a new Nordic group together with management teams to form a true Nordic Champion and continue the journey

”Circura Group is a prime example of how Adelis leverages its deep sector expertize, strong network of industrial advisors, and ability to operate seamlessly across borders. We are proud to have been a first mover in this highly fragmented market and to have established a Nordic platform uniquely positioned to accelerate its growth. We are deeply impressed by what the management teams and local entrepreneurs have achieved over recent years, and look forward to building on this strong foundation whilst addressing the growing need for sustainable building renewal across the Nordics.”

Erik Hallert